RaboDirect term deposit reviews

RaboDirect
RaboDirect's overall rating for term deposits

(as rated by the Mozo community)

8.0 / 10

based on 41 reviews

Price

Features

Customer service

Convenience

Trust

Featured term deposit from RaboDirect

Recent RaboDirect term deposit reviews

RaboDirect

RaboDirect term deposit review

Overall rating   10 / 10

Very competitive products

Excellent service and products.

Full review

Excellent service and products.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Shirley, Queensland, reviewed 6 months ago

RaboDirect

RaboDirect term deposit review

Overall rating   9 / 10

Secure, online, great rates - what's not to love?

This product had the best interest rates that were available at time of term start. Although there are no physical branch locations in my local area, I have had no need for one due to the highly efficient online and phone services! This is a...

Full review

This product had the best interest rates that were available at time of term start. Although there are no physical branch locations in my local area, I have had no need for one due to the highly efficient online and phone services! This is a highly secure banking organisation that I would recommend to anyone.

    Price   10 / 10

    Features   8 / 10

    Customer service   8 / 10

    Convenience   7 / 10

    Trust   10 / 10

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Talia, New South Wales, reviewed about 3 years ago

RaboDirect

RaboDirect term deposit review

Overall rating   9 / 10

Great interest rates and triple star bank.

Likes: interest rates are really good. One of the best in the market. Also when interest increases they will pass it on. Dislikes: only on-line. Also can only use with 1 link account.

Full review

Likes: interest rates are really good. One of the best in the market. Also when interest increases they will pass it on. Dislikes: only on-line. Also can only use with 1 link account.

    Price   9 / 10

    Features   9 / 10

    Customer service   7 / 10

    Convenience   6 / 10

    Trust   10 / 10

Less

Pai, New South Wales, reviewed about 3 years ago

RaboDirect

RaboDirect term deposit review

Overall rating   9 / 10

Competitive rates and fantastic customer service

Excellent banking features online - quick and easy to use - very secure - customer service is outstanding - they will always try and accommodate our needs.

Full review

Excellent banking features online - quick and easy to use - very secure - customer service is outstanding - they will always try and accommodate our needs.

    Price   8 / 10

    Features   8 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   9 / 10

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Marina, South Australia, reviewed over 3 years ago

RaboDirect

RaboDirect term deposit review

Overall rating   0 / 10

Still owe me $4500. Cannot get it back

Still owe me $4500. Cannot get it back.

Full review

Still owe me $4500. Cannot get it back.

    Price   5 / 10

    Features   5 / 10

    Customer service   0 / 10

    Convenience   0 / 10

    Trust   0 / 10

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Michael, Victoria, reviewed over 3 years ago

RaboDirect

RaboDirect term deposit review

Overall rating   5 / 10

Terrible customer service

Consistently, both on transfers and early break of term deposit.

Full review

Consistently, both on transfers and early break of term deposit.

    Price   2 / 10

    Features   7 / 10

    Customer service   3 / 10

    Convenience   3 / 10

    Trust   4 / 10

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Debbie, New South Wales, reviewed almost 4 years ago

RaboDirect

RaboDirect term deposit review

Overall rating   8 / 10

It's a good online bank.

I don't really have too many issues with this bank. It's just convenient because you can do transactions online anytime. And it's also not convenient because it being online you can't get your money right there and then if you need it ASAP. ...

Full review

I don't really have too many issues with this bank. It's just convenient because you can do transactions online anytime. And it's also not convenient because it being online you can't get your money right there and then if you need it ASAP. They are also very informative when it comes any changes to their rates and anything else that happens to your account or with the bank.

    Price   8 / 10

    Features   7 / 10

    Customer service   7 / 10

    Convenience   7 / 10

    Trust   8 / 10

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Filamor, New South Wales, reviewed about 4 years ago

RaboDirect

RaboDirect term deposit review

Overall rating   5 / 10

mm..ok

not so easy to use always quick to put rates down

Full review

not so easy to use always quick to put rates down

    Price   6 / 10

    Features   6 / 10

    Customer service   4 / 10

    Convenience   8 / 10

    Trust   5 / 10

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Linda, Western Australia, reviewed about 4 years ago

RaboDirect

RaboDirect term deposit review

Overall rating   9 / 10

Efficient , no fuss banking,

RABOBANK are a trustworthy bank with good principles.

Full review

RABOBANK are a trustworthy bank with good principles.

    Price   8 / 10

    Features   9 / 10

    Customer service   9 / 10

    Convenience   8 / 10

    Trust   10 / 10

Less

Mal, Western Australia, reviewed about 4 years ago

RaboDirect

RaboDirect term deposit review

Overall rating   10 / 10

Competitive rates & excellent customer relations.

No cons on this rural bank - all pros with a high level of understanding on real rural situations.

Full review

No cons on this rural bank - all pros with a high level of understanding on real rural situations.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Sophie, Queensland, reviewed over 4 years ago

RaboDirect

RaboDirect term deposit review

Overall rating   8 / 10

No tricky "honeymoon" rates

I could not find any better interest rates for a SMSF. Easy to switch and change.

Full review

I could not find any better interest rates for a SMSF. Easy to switch and change.

    Price   7 / 10

    Features   7 / 10

    Customer service   6 / 10

    Convenience   6 / 10

    Trust   8 / 10

Less

Beat, South Australia, reviewed over 4 years ago

RaboDirect

RaboDirect term deposit review

Overall rating   2 / 10

Go elsewhere!

Applied for ING and Rabo term deposits at the same time and still trying to activate and link the Rabo one 3 weeks later. Just a nightmare!! ING was done with no fuss at all!! I need to call the bank of the account I am trying to link yet again. I...

Full review

Applied for ING and Rabo term deposits at the same time and still trying to activate and link the Rabo one 3 weeks later. Just a nightmare!! ING was done with no fuss at all!! I need to call the bank of the account I am trying to link yet again. I would have walked away 2 weeks ago but I have now invested so much time into it!!!

    Price   8 / 10

    Features   8 / 10

    Customer service   0 / 10

    Convenience   0 / 10

    Trust   0 / 10

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Frustrated, Queensland, reviewed over 4 years ago

RaboDirect

RaboDirect term deposit review

Overall rating   9 / 10

Trust worthy

Great rates

Full review

Great rates

    Price   8 / 10

    Features   9 / 10

    Customer service   8 / 10

    Convenience   9 / 10

    Trust   9 / 10

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Brian, New South Wales, reviewed over 4 years ago

RaboDirect

RaboDirect Term Deposit term deposit review

Overall rating   7 / 10

excellent

You have to be computer literate.

Full review

You have to be computer literate.

    Price   8 / 10

    Features   5 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   8 / 10

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Bernard, Queensland, reviewed about 5 years ago

RaboDirect

RaboDirect Term Deposit term deposit review

Overall rating   9 / 10

Best banking secret

I did my research into banks, with my criteria being a competitive interest, easy access to my money and most of all a bank that was safe and reliable in times of economic uncertainty. As Rabobank mainly deals with agricultural business loans,...

Full review

I did my research into banks, with my criteria being a competitive interest, easy access to my money and most of all a bank that was safe and reliable in times of economic uncertainty. As Rabobank mainly deals with agricultural business loans, it seems a very safe, secure option for term deposits. I found Rabobank met my criteria. Although the only con was that their interest rate on offer at the time wasn't the highest around, but was still fairly competitive, however I overlooked that for the banks security. Also I didn't want to tie up my investment for any length on time, and wanted it available at short notice. Rabobank offers this option too, and make it very simple. I was also impressed by the banks security consciousness, giving a free token code for added online security for accounts, as I have had to pay extra for these from other banks. I was impressed with the friendliness and level of personal service given and the bonus of very minimal waiting time, not surprising as it's not one of the major mainstream banks. Would definitely recommend it as one of the best banks around for anyone looking at Term Deposit options.

    Price   5 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   9 / 10

    Trust   10 / 10

Less

Philippa, Queensland, reviewed over 5 years ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Term deposit comparisons on Mozo - rates updated daily

  • firstmac Term Deposit

    firstmac Term Deposit

    • Minimum investment $5,000 to lock in a fixed rate of return
    • Safe and secure with an Australian Government Guarantee
    • Flexible terms, choose from 30 days, 60 days, 90 days, 6 months, 9 months, 12 months and 24 months

    interest rate*

    2.75% p.a.
    6 months

    Minimum deposit

    $5,000

    Go to site

    More info

    • Minimum investment $5,000 to lock in a fixed rate of return
    • Safe and secure with an Australian Government Guarantee
    • Flexible terms, choose from 30 days, 60 days, 90 days, 6 months, 9 months, 12 months and 24 months
    • Maximum deposit: $5,000,000
    • Can interest be paid to another bank?: yes
    • Automatic rollover: yes
    Need more information?
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  • Citi Term Deposit Special

    Citi Term Deposit Special

    • Competitive rates for new to bank funds
    • $0 Setup and account-keeping fees
    • Guaranteed interest rate

    interest rate*

    2.70% p.a.
    6 months

    Minimum deposit

    $100,000

    Go to site

    More info

    • Competitive rates for new to bank funds
    • $0 Setup and account-keeping fees
    • Guaranteed interest rate
    • Maximum deposit: $2,000,000
    • Can interest be paid to another bank?: no
    • Automatic rollover: yes
    Overall rating

    6.7

    Based on 15 Citi term deposit reviews

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  • RaboDirect Term Deposit

    RaboDirect Term Deposit

    • Guaranteed return on your savings
    • Start with as little as $1,000
    • Interest paid monthly, quarterly, half yearly or yearly (reduced rates may apply)

    interest rate*

    2.85% p.a.
    6 months

    Minimum deposit

    $1,000

    Go to site

    More info

    • Guaranteed return on your savings
    • Start with as little as $1,000
    • Interest paid monthly, quarterly, half yearly or yearly (reduced rates may apply)
    • Maximum deposit: $2,000,000
    • Can interest be paid to another bank?: no
    • Automatic rollover: yes
    Overall rating

    8.0

    Based on 41 RaboDirect term deposit reviews

    Need more information?
    Go to site

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  • UBank Green Term Deposit

    UBank Green Term Deposit

    • No fees whatsoever
    • Choice of a 1, 3, 6, 9 or 12-month term for deposits from $1,000 - $2 million
    • Quick and easy account opening process

    interest rate*

    2.65% p.a.
    10 months

    Minimum deposit

    $1,000

    Go to site

    More info

    • No fees whatsoever
    • Choice of a 1, 3, 6, 9 or 12-month term for deposits from $1,000 - $2 million
    • Quick and easy account opening process
    • Maximum deposit: $2,000,000
    • Can interest be paid to another bank?: Yes
    • Automatic rollover: Yes
    Overall rating

    8.3

    Based on 100 UBank term deposit reviews

    Need more information?
    Go to site

    More info

*Different interest rates apply to different amounts or different interest payment frequencies.

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